XRP traded at $1.54 on September 21, up 8.7% over the prior 24 hours, as veteran trader Peter Brandt published a long-term monthly chart suggesting an eventual advance to $5.40.
Brandt, who began his career in commodity trading in 1976 and founded Factor Trading in 1980, shared the chart on X with the caption: "This is my long-term chart of $XRP It implies an eventual advance to $5.40." He clarified that presenting a chart constitutes a price forecast based on technical analysis rather than proof of an executed trade.
Reaching $5.40 from the current price would require a gain of approximately 251%. During the 24-hour period, XRP traded between a low of $1.41 and a high of $1.57.
Institutional Developments Support Rally
On the same day, South African lender Absa launched Absa Digital Asset Custody, a service built on Ripple's custody technology. The launch came 11 months after Ripple and Absa announced their partnership, integrating the service within one of Africa's largest banking groups.
Asset manager 21Shares identified institutional access, regulatory clarity, measurable utility, and fixed supply as key factors supporting XRP demand. The firm noted that growing activity on the XRP Ledger could generate demand through transaction fees, account reserves, and bridge transfers, citing approximately $4 billion in tokenized assets and $1.6 billion in RLUSD supply on XRPL.
Market Context
The price movement also occurred after the Senate rejected cloture on the CLARITY Act in a 49-50 vote. Ripple stated that the failed vote did not alter XRP's established legal position or disrupt demand across payments, stablecoins, and institutional markets.
